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China Oil & Gas Piping Network Corp (PipeChina)

Company Summary

Description

Taking over pipeline assets from PetroChina, the newly launched PipeChina will be in charge of the investment, construction and management of the Yongqing to Shanghai pipeline.

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Company Transactions

Date: 12/31/2020
Type: Acquisition

BUYERS:
  • China Oil & Gas Piping Network Corp (PipeChina)
    • SELLERS:
  • PetroChina Co. Ltd.
  • Kunlun Energy Company Ltd.
    • DETAILS:

    COST: 6.3 $B

    NOTES:
    Kunlun Energy Co, a subsidiary of PetroChina, has agreed to sell pipeline assets for $6.3 billion to the state-owned PipeChina. The deal includes a 60% position in a Beijing gas pipe and a 75% stake in Dalian LNG Company.
    REGIONS:
  • Asia